Mandating the ongoing openness and transparency of financial information is fundamental to providing confidence.

All contractors guarantee to make 100% of payments to their sub-contractors within 19 days as well as provide Procurement Hub with monthly cashflow reports, debtor days reports, margin reports, and revenue Vs budget reports. This is an integral part of ensuring the framework is financially secure and provides confidence that this framework is a viable route to market. All contractors applying to the framework supplied their Dun & Bradstreet rating, Robertson’s score is 5A2, Willmott Dixon’s rating is 5A1 and Farrans is also 5A2.

The minimum turnover required for each supplier to apply for the framework was £250m for Lot 1, £900m for Lot 2, and £75m for Lot 3. The actual revenue for each of our suppliers far exceeds this, Robertson Group, who have been selected for Lot 1, has an actual turnover of £503m, Willmott Dixon has an actual turnover of £1.02bn for Lot 2, and Farrans has an actual turnover of £383m for Lot 3. Procurement Hub will also carry out our own monthly creditsafe reports for each of the three suppliers. Robertsons currently has a creditsafe score of 96A, Willmott Dixon has a score of 88A and Farrans has a score of 94A.

This is a framework that allows peace of mind.